Nature of Compliance Due Date/ Extended Due Date Belated Return of Income for A/Y 2019-20 30th November 2020 Revised Return of Income for A/Y 2019-20 30th November 2020 Third instalments of advance tax for A/Y 2021-22 15th December 2020 Opting for Vivad se Vishwas Scheme 31st December 2020 Furnishing of Tax Audit Report and […]
Tag: AY
Updated Due Date Chart of Income Tax Compliance
Due to COVID-19 pandemic and challenges faced by taxpayers, the Government has extended dates for direct taxes. A list of Due dates/Extended due dates are as follows: Nature of Compliance Due Date/Extended Due Date Making Tax saving Investments For A/Y 2020-21 31st July, 2020 Filing of belated or revised ITR for A/Y 2019-20 31st July, […]
Checklist for filing of ITR 4 of Financial Year 2019-20
ITR-1 & ITR 4 forms for financial year 2019-20 released for e-filing by Income Tax Department. Who are eligible to file ITR-4? An Individual, HUF or Firm (other than LLP) who is ordinarily resident in India Income from salary/pension (for ordinarily resident person). Income from one house property but excluding brought forward losses and losses to […]
One Time relaxation for Verification of tax returns for the A/Y 2015-16 to A/Y 2019-20
CBDT through circular no. 13/2020 dated 13th July 2020 has provided one-time relaxation for Verification of income-tax returns for the Assessment Years 2015-16, 2016-17, 2017-18, 2018-19 and 2019-20 which was filed but verification was pending. An online electronically filed income tax returns are required to be verified either electronically by EVC / OTP or by […]
key changes in ITR forms for the AY 2020-2021
Income Tax Returns Forms 1 to 7 for A/Y 2020-21 Notified. Key changes in ITR forms for the AY 2020-2021. Passport One needs to disclose the Passport number if held by the taxpayer. This is to be furnished both in ITR 1-Sahaj and ITR 4-Sugam. Hopefully, it will be made mandatory in other ITR Forms […]